WhiteWave Foods Co. (NYSE:WWAV) has been given a consensus recommendation of “Hold” by the twenty-five ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $53.89.
WWAV has been the subject of several research analyst reports. Zacks Investment Research raised WhiteWave Foods from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, September 27th. Susquehanna lowered WhiteWave Foods from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $58.00 to $56.25 in a research note on Friday, October 21st.
Shares of WhiteWave Foods (NYSE:WWAV) opened at 55.40 on Friday. The firm has a market cap of $9.82 billion, a PE ratio of 50.14 and a beta of 1.47. WhiteWave Foods has a 52 week low of $31.40 and a 52 week high of $56.82. The stock has a 50 day moving average price of $55.40 and a 200 day moving average price of $54.99.
A number of hedge funds and other institutional investors have recently made changes to their positions in WWAV. Vanguard Group Inc. increased its position in shares of WhiteWave Foods by 3.0% in the second quarter. Vanguard Group Inc. now owns 13,261,683 shares of the company’s stock worth $622,503,000 after buying an additional 384,476 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of WhiteWave Foods by 4.2% in the third quarter. BlackRock Fund Advisors now owns 6,573,655 shares of the company’s stock worth $357,804,000 after buying an additional 266,440 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of WhiteWave Foods by 3.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,370,927 shares of the company’s stock worth $252,111,000 after buying an additional 167,857 shares in the last quarter. York Capital Management Global Advisors LLC acquired a new position in shares of WhiteWave Foods during the third quarter worth about $270,915,000. Finally, Arrowgrass Capital Partners US LP acquired a new position in shares of WhiteWave Foods during the third quarter worth about $268,032,000. Institutional investors own 81.65% of the company’s stock.
About WhiteWave Foods
The WhiteWave Foods Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes and sells branded plant-based foods and beverages, coffee creamers and beverages, dairy products and organic produce. Its segments include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.